What is the marginal cost of the 101st unit of output

Assignment Help Econometrics

Reference no: EM13246293

In a short run, a firm's total costs of producing the hundredth unit of output equals $10,000. If it produces one more unit, its total cost will increase to $10,150.

a. What is the marginal cost of the 101st unit of output?
b. What is the firm's average total cost of producing a 100 units?
c. What is the firm's average total cost of producing 101 units

Reference no: EM13246293

Questions Cloud

What is the marginal physical product of the fifth worker : Suppose that a firm's only viable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase from $3,000 per week to $3,300 per week.

Explain aqueous solutions of molucules solutes : indicate whether aqueous solutions of each of the following solutes will contain only ions, only molecules, or mostly molecules and a few ions: a) NH4Cl, a strong electrolyte. b)ethanol, CH3-CH2-OH, a nonelectrolyte. c)HCN, hydrocyanic acid, a wea..

What is important in medieval christianity : What splits and reforms occurred in Christian churches in the fifteenth through nineteenth centuries? What is important in medieval Christianity?

Determine the mass of the block : A Physicist must determine the mass = m of a block of a wood without a scale. He pulls the block of wood up a ramp angle = 30 degreesusing a rope. find the mass of the block

What is the marginal cost of the 101st unit of output : In a short run, a firm's total costs of producing the hundredth unit of output equals $10,000. If it produces one more unit, its total cost will increase to $10,150. a. What is the marginal cost of the 101st unit of output

World history more like canadian : I have a test coming up its not world history more like canadian. but no one knows what to do and my teacher said we learned about confederation already but our last years teacher never taught us anything.

Determine the work required to move an electron : In the x-y plane, a point of +2.6 uC is on the x-axis at (-3 cm, 0), and a second point charge of -3.4 uC is also located on the x-axis, Determine the Work required (in keV) to move an electron from Pa to Pb

What level of q maximizes the total benefits of recycling : AMS recently instituted an in-house recycling program. The benefits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS's leadership in this area.

Compute the least squares regression equation : State the number of degrees of freedom available for determining the between-samples variation and Compute the least squares regression equation.

User Account

All Pages